Listing ID6171986
Sold For$520,000
StatusClosed
Sold Date7/01/2021
CountyMaricopa
SubdivisionMONTGOMERY ADD AMD BLKS 75, 83, 84, 91, 99-102
Year Built1936
Property TypeMultiple Dwellings
Currently fully occupied and earning income each month! Both buildings have been renovated recently and fully rented. 353 Tonto building has two units, with one larger than the other. Brand new gates and walls have been installed for privacy. 1004 S Montezuma building has three bedrooms with an open concept living and kitchen space. Located very close to downtown Phoenix! This is a perfect opportunity to earn easy income every month!
Buyer to verify all facts and figures
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
MONTGOMERY ADD AMD BLKS 75, 83, 84, 91, 99-102
Year Built
1936
Zoning
R4
1 Bedroom Units # Baths
1
1 Bedroom Units Avg SqFt
650
3 Bedrooms Units # Baths
1
3 Bedrooms Units Avg SqFt
1100
Cooling
Individual, Wall/Window Unit(s)
Cooling
yes
Heating
Individual, Electric
Heating
yes
Community Features
No Pool
Country
US
Directions
N on 7th ave right on Tonto, both units on the corner of Montezuma and Tonto
Elementary School District
Phoenix Elementary District
General Property Description Elementary School District2
Phoenix Elementary District
General Property Description High School District
Phoenix Union High School District
High School District
Phoenix Union High School District
Postal City
Phoenix
Township
1N
Water Source
Individual Meter
Attached Garage
no
Construction Materials
Painted, Stucco, Frame - Wood
Covered Spaces
1
Electric
APS
General Property Description # of Buildings
2
General Property Description Lot Size Dimensions
6500 sq feet
General Property Description Total # of Units
3
General Property Description Uncvrd Parking Spcs
2
Lot Size Dimensions
6500 sq feet
Number Of Buildings
2
Number Of Units Total
3
Open Parking Spaces
2
Parking Carport
1
Parking Features
Free, Street Parking, Common
Parking Free
1
Parking Total
3
Road Surface Type
Asphalt, Sidewalk(s)
Roof
Tile
Sewer
Public Sewer
Mls Status
Closed
Public Survey Range
3E
Public Survey Section
8
1 Bedroom Units Avg Rent
1000
3 Bedrooms Units Avg Rent
1650
Cap Rate
0.65
Current Financing
Non Assumable
Disclosures
None
Gross Income
3613.5
Gross Scheduled Income
3650
Listing Terms
Conventional, 1031 Exchange, VA Loan
Net Operating Income
3613
Operating Expense
447
Owner Pays
None
Tax Annual Amount
447
Tax Block
39
Tax Book Number
112.00
Tax Lot
23
Tax Year
2020
Tenant Pays
Trash Collection, Electricity, Water, Sewer, Cable TV
Contact - Listing ID 6171986
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
Data services provided by IDX Broker